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PATEK PHILIPPE. AN EXTREMELY RARE 18K GOLD MINUTE REPEATING WRISTWATCH
PATEK PHILIPPE. AN EXTREMELY RARE 18K GOLD MINUTE REPEATING WRISTWATCH
PATEK PHILIPPE. AN EXTREMELY RARE 18K GOLD MINUTE REPEATING WRISTWATCH
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PATEK PHILIPPE. AN EXTREMELY RARE 18K GOLD MINUTE REPEATING WRISTWATCH
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Lot incorporates material from endangered species … Read more PATEK PHILIPPE MINUTE REPEATING REF. 2524/1PROPERTY FROM THE TITANIUM COLLECTION
PATEK PHILIPPE. AN EXTREMELY RARE 18K GOLD MINUTE REPEATING WRISTWATCH

SIGNED PATEK PHILIPPE, GENEVE, REF. 2524/1, MOVEMENT NO. 861'365, CASE NO. 690'960, MANUFACTURED IN 1955

Details
PATEK PHILIPPE. AN EXTREMELY RARE 18K GOLD MINUTE REPEATING WRISTWATCH
SIGNED PATEK PHILIPPE, GENEVE, REF. 2524/1, MOVEMENT NO. 861'365, CASE NO. 690'960, MANUFACTURED IN 1955
Movement: Cal. 12''', stamped HOX, manual, 29 jewels, signed
Dial: Signed
Case: Snap on back, 33 mm. diam., signed
With: 18k gold Patek Philippe buckle, Extract from the Archives confirming the manufacture of the present watch with lapped indexes in 1955 and its subsequent sale on 24 December 1958
Provenance
CHRISTIES AUCTION Patek Philippe 175, Lot 67, November 9, 2014
Special notice

Lot incorporates material from endangered species that is not for sale and is shown for display purposes only. The endangered species strap shown with the Lot is for display purposes only and is not for sale.Upon sale, the watch will not be supplied to a buyer outside Hong Kong with any watch strap.

Brought to you by

Alexandre Bigler
Alexandre Bigler Vice President, Head of Watches, Asia Pacific

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Lot Essay

This outstanding horological treasure is an exquisite example of Patek Philippe's extraordinarily small production of vintage minute repeating wristwatches. One of only five references 2524/1 in yellow gold with subsidiary seconds dial known to exist to date, it can doubtlessly also be counted amongst the best preserved specimens of this rare model to appear on the market in recent years.

Its elegant gold case was made by Emile Vichet, one of Patek Philippe's best case makers of the period. It has never been subject to careless polishing and has preserved its full proportions to the best extent, shown by the crisp gold marks and the very well defined recesses at the junctions between the lugs and the case. While enhancing the aesthetical appeal of the watch, this small indentation is very sensible to careless polishing or excessive wear. Its sharp outlines on the present timepiece accentuate impressively the excellent, original overall condition of this watch. Supplied by the celebrated Stern Freres, the pure dial is distinguished by its great readability. It disperses a wonderful shine and impresses with the beautifully raised hard enamel signature and scales and the crisp outer pearled minute divisions. The first quality calibre 12''' movement, bauche made by the celebrated Fritz Piguet, impresses with a clear, well-tuned and melodious repeating sound.

Furthermore, the present reference 2524/1 distinguishes itself for being one of the very few examples destined for the American market, as indicated by the HOX stamp on the main bridge of the movement. Another noteworthy feature is its unusual gold buckle. During a short period in the 1950s and due to high import duties, a series of gold buckles was specifically developed and produced in the U.S. for the Henri Stern Watch Agency, distinguishable by their different design, pointed rather than flat. Today nicknamed the "Henri Stern", the first series of these buckles, made by a New York jeweller, were delivered with the misspelled signature "Patek Phillipe". The buckle on this timepiece is an example from this legendary production.

Of superb understated elegance and outstanding quality, the reference 2524/1 offered here for sale is one of the exceedingly scarce opportunities to acquire an example of Patek Philippe's ultra-rare vintage minute repeating wristwatches. Reference 2524/1


Reference 2524/1, successor of reference 2424, was launched in 1955 and made in two versions: one without subsidiary seconds and the repeating mechanism activated by pushing the slide in the band downwards, the second, such as the present watch, with subsidiary seconds and the repeating slide to be pushed upwards. The latter is in fact the rarest variant, the total production number believed to be less than a dozen.
Patek Philippe started development of minute repeating wristwatches presumably as early as 1906, converting a 12''' pocket watch calibre for the use in a wristwatch. It is however not known if it has ever been cased. As of 1925, the firm officially sold minute repeating wristwatches, the majority unique pieces featuring different case and dial designs. According to research, only twelve of these early examples are known to exist to date.

It was not until 1948 that Patek Philippe launched the production of minute repeating wristwatches in series and with their own reference numbers, however all made in exceedingly small numbers only. The references known to date are 2419, 2421, 2524, 2524/1, 2524/2 and 2534.

For over 50 years, until 1989, year of introduction of references 3974 and 3979 (design directly inspired by reference 2524/1 with subsidiary seconds) to celebrate Patek Philippe's 150 th anniversary, these models remained the firms' only minute repeating wristwatches made in series.

Reference 2524/1 is illustrated in: the Blue Book 2, by Eric Tortella, 2019 edition, pp 558-568.

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